Peoples Trust Credit Union (MI)

Peoples Trust Credit Union (MI) Locations
24333 Lahser
Southfield, MI 48033
(866) 600-PTCU (7828)
www.peoplestrustcu.org

NCUA


Peoples Trust Credit Union (MI) is headquartered in Southfield and is the 54th largest credit union in the state of Michigan. It is also the 965th largest credit union in the nation. It was established in 1928 and as of March of 2013, it had grown to 70 employees and 23,104 members. Peoples Trust Credit Union (MI) has a 5-star health rating.

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2008




See Rates for: Checking | Savings | Money Market | CD | IRA

Peoples Trust Credit Union (MI) Checking Account Rates

ApyMinMaxProduct
0.05%$2,500-Interest Checking

Peoples Trust Credit Union (MI) Savings Account Rates

ApyMinMaxProduct
0.05%$100-Traditional IRA Savings
0.05%$100-Roth IRA Savings
0.05%$100-Educational IRA Savings
0.03%$100-Share Savings
0.03%$100-Holiday Club
0.03%$100-Vacation Club
0.03%$100-Member's Choice

Peoples Trust Credit Union (MI) Money Market Rates

ApyMinMaxProduct
0.20%$100k-Money Market Plus Account
0.10%$25k-Money Market IRAs

Peoples Trust Credit Union (MI) CD Rates

ApyMinMaxProduct
1.15%$25k-7 Year CD
1.05%$25k-5 Year CD
0.85%$25k-4 Year CD
0.75%$25k-3 Year CD
0.65%$25k-28 Month CD
0.65%$25k-30 Month CD
0.55%$25k-2 Year CD
0.40%$25k-18 Month CD
0.35%$25k-16 Month CD
0.30%$25k-1 Year CD
0.25%$25k-6 Month CD
0.25%$25k-9 Month CD
0.25%$25k-10 Month CD
0.20%$300-1 Year CD Add-On
0.20%$25-1 Year SAVE To WIN CD
0.15%$25k-3 Month CD

Peoples Trust Credit Union (MI) IRA Rates

ApyMinMaxProduct
1.15%$25k-7 Year CESA
1.15%$25k-7 Year Roth IRA
1.15%$25k-7 Year IRA
1.05%$25k-5 Year CESA
1.05%$25k-5 Year Roth IRA
1.05%$25k-5 Year IRA
0.85%$25k-4 Year CESA
0.85%$25k-4 Year Roth IRA
0.85%$25k-4 Year IRA
0.75%$25k-3 Year CESA
0.75%$25k-3 Year Roth IRA
0.75%$25k-3 Year IRA
0.65%$25k-28 Month CESA
0.65%$25k-30 Month CESA
0.65%$25k-28 Month Roth IRA
0.65%$25k-30 Month Roth IRA
0.65%$25k-28 Month IRA
0.65%$25k-30 Month IRA
0.55%$25k-2 Year CESA
0.55%$25k-2 Year Roth IRA
0.55%$25k-2 Year IRA
0.40%$25k-18 Month CESA
0.40%$25k-18 Month Roth IRA
0.40%$25k-18 Month IRA
0.35%$25k-16 Month CESA
0.35%$25k-16 Month Roth IRA
0.35%$25k-16 Month IRA
0.30%$25k-1 Year CESA
0.30%$25k-1 Year Roth IRA
0.30%$25k-1 Year IRA
0.20%$300-1 Year CESA Add-On
0.20%$300-1 Year Roth IRA Add-On
0.20%$300-1 Year IRA Add-On
0.20%$25-1 Year SAVE To WIN CESA
0.20%$25-1 Year SAVE To WIN IRA
0.20%$25-1 Year SAVE To WIN Roth IRA

Rates updated: 6/18/2013

Data for Q1 2013


Institution Statistics


PEOPLES TRUST
NCUA #61068
BankRate ReportView
Year Chartered1928
Employees70
Primary Regulator

Assets and Liabilities

Assets$187.85 million
Loans$91.91 million
Deposits$171.14 million
Equity Capital$13.93 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$273,000

Historic Data - March 2012

Assets$185.54 million
Equity Capital$13.47 million
Loan Loss Allowance$2.82 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$19,000

Profit Margin - Quarterly

Net Interest Margin1.62%
Return on Assets0.05%
Return on Equity0.63%
Interest Income$1.66 million
Non-Interest Income$868,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Peoples Trust Credit Union (MI) had $1.29 million in non-current loans and owned real-estate with $16.4 million in equity and loan loss allowances on hand to cover it. This gives Peoples Trust Credit Union (MI) a Texas Ratio of 7.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Peoples Trust Credit Union (MI) decreased slightly from 10.64% as of March 31, 2012 to 7.85% as of March 31, 2013, resulting in a positive change of 26.24%.This indicates that the balance sheet and financial strength for Peoples Trust Credit Union (MI) has improved slightly in recent periods.
Deposit Growth4
In the past year, Peoples Trust Credit Union (MI) has increased its total deposits by $3.92 million, resulting in 2.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Peoples Trust Credit Union (MI) has shown is above average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Peoples Trust Credit Union (MI) has $187.85 million in assets with $16.4 million in equity, resulting in a capitalization level of 8.73%, which is average.
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